$10,000 in impermanent loss... Why did I put my ampl in the geyser...

[Anonymous No.20258069]

I should have just hodled ample. fuck

[Anonymous No.20258080]

>>20258069
low key bnt shill i see

[Anonymous No.20258088]

i actually think this could reach tethers MC. 100x

[Anonymous No.20258093]

>>20258080
i like bnt. don't hold any though.

[Anonymous No.20258111]

>>20258069
Welcome to the club getting fucking REKT by this impermanent loss

Why the fuck did I fall for the GOYser meme. Even the COMP whale had to pull a million out of the pool because he was getting FUCKED

[Anonymous No.20258137]

>>20258069
just hold AMP for that sweet 17% rebase

[Anonymous No.20258151]

>>20258069
>>20258069
dubmb fuck

[Anonymous No.20258156]

>>20258111
I think that was actually pantera capital's wallet. probably left because they shouldn't be using this promotion. I'm happy for the games, but we got fucked. Doesn't look like the team will be touching the incentive either :(

[Anonymous No.20258166]

>>20258069
and how much have you gotten in fees?

[Anonymous No.20258179]

Has anyone done the math to see if it’s worth it to just stay in at this point? I think we’re kinda stuck now. This was more of a liquidity trap lol

[Anonymous No.20258193]

>>20258166
barely anything. uniswap only charges .03%. Even with arb opportunities that is barely compounding.

[Anonymous No.20258205]

Damn if only there was a DeFi exchange that eliminated impermanent loss
It would be risk free passive income for any cryptocurrency... oh well i guess that will never exist

[Anonymous No.20258224]

>>20258156
I don't think the team predicted how hard it was going to moon. $3.40 is a fucking absurd price for AMPL, but here we are hitting that AFTER it already went 10x

[Anonymous No.20258230]

>>20258205
I think the team hinted at having that next. I thought the impermanent loss didn't matter due to the rewards but everyone on this board said the geyser was better.

[Anonymous No.20258287]

>>20258224
yeah i don't think it was malice on their part. But this whole promotion wasn't really a promotion lol If anything, early followers of the project are getting gypped now for newcomers. I just hate that I don't know if it's a sunk cost at this point. I don't want to pull out and lose my multiplier, but peopel 100% ampl are making a ton.

[Anonymous No.20258311]

>>20258287
Just to check, one this shit stops pumping hard and calms down we will get our original % stake back right?
I was so fucking close to 0.01%

[Anonymous No.20258333]

>>20258224
Can they fix the reward system? As in dump more from the fund? I thought the point of the geyser was for getting more of a reward for providing liquidity.

This really sucks

[Anonymous No.20258365]

>>20258311
i don't think so. Our percentage was turned into eth. So when a rebase occurs we don't get the full compounding effect.

[Anonymous No.20258400]

>>20258365
Just fuck my shit up. TG is full of brainlets so don't even consider raising it up there

[Anonymous No.20258439]

>>20258400
yeah I'm pretty bummed out. Eth 2.0 is looking like it will be released in 2021 so the eth exposure doesn't even really matter. I'm staying in just because I have faith the team will fix this.

Optically this looks bad since providing liquidity wasn't really an incentive.

[Anonymous No.20258471]

>>20258439
Yeah it sucks, but I'm still "only" up 50% after 4 days lol

I'm thinking they can just accelerate the multiplier as a consolation prize.

[Anonymous No.20258494]

>>20258439
>>20258471
When did you guys deposit in to the geyser? I went in 5 days after launch

[Anonymous No.20258514]

Ya it fucking sucks

[Anonymous No.20258529]

>>20258365
I only have a small portion of my stack in the geyser, but one way to think of it is as though it's automatically taking some profit for you into eth. So yes you aren't making as much as those that went balls deep in ampl, but you've also reduced your risk by taking some guaranteed yield and cashing out some eth as we pump.

[Anonymous No.20258570]

Looks like the TG doesn't like anyone bringing up any questions about the geyser

[Anonymous No.20258615]

>>20258069
HAHAHAHA

Wallet chad checking in. Why be greedy for an extra 50% a year when you're getting minimum 5% a day KEK.

FUCK YOU GAYSER KEK

[Anonymous No.20258728]

>>20258570
It's causing me to have doubts in the whole project lol if they can't understand the economics of a simple incentive program, whose to say the understand the economics of ampleforth's mechanism entirely.

This is the quote to the founder "“The motivation of the geyser project is two-fold. First, it helps distribute the Ecosystem fund out into the world in a sensible, permissionless, and predictable way. And second, it distributes to those who contribute to the health of the AMPL ecosystem.”

more was distributed to people who didn't provide the "health of the ampl ecosystem". So if geyser liquidity providers are losing their share of the market cap, how is that distributing more to them?

I was a long-term ampl holder and I lost money due to this.

[Anonymous No.20258748]

>>20258728
Sounds like you didn’t understand it.

[Anonymous No.20258801]

>>20258728
I'm not too certain they'll throw us a lifeline.
Franky I don't think AMPL would be as big as it is right now without the LPs in the uniswap pool

[Anonymous No.20258806]

>>20258748
uniswap impermanent loss is notorious. that's why balancer was circulating so much. The promotion acted like they were trying to reward people who provide health for the system. The people who sold half their stack for eth weren't rewarded, they missed out a ton. We should have done the math but a lot of this had been following this project for a while and trusted the promotion.

[Anonymous No.20258815]

>>20258806
Blaming someone else for your lack of due diligence.

[Anonymous No.20258822]

>>20258728
There's no way they could have known it would pump like this.
Maybe, given that it has though, they should consider a reward system similar to PLR. They are giving PLR tokens in the exact amount of the impermanent loss. It's not as attractive in terms of yield, but at least with ampl we're already getting yield from the rebase.

[Anonymous No.20258825]

>>20258801
it's unfortunate. feel like i got duped. Like if I just fomo'd in last minute and didn't follow the project or read the liquidity mining article I would be better off. Guess if it sounds to good to be true it usually is and such

[Anonymous No.20258845]

>>20258806

Can't liquidity providers pull out at any time? Just like holders can sell at anytime?

[Anonymous No.20258854]

>>20258822
Frankly all I care about is getting back to the same % of the supply I held before the pool - this is a long term play for me

[Anonymous No.20258870]

>>20258822
That's what I'm saying. If you pride yourself on introducing economic principles to ethereum wouldn't you want to showcase your incentive program was actually an incentive? How does that look that if in "trying to reward people who provide health to the project" you actually caused them to sell half their stack for a worse outcome.

[Anonymous No.20258884]

>>20258854
that's how I feel. i don't even care about interest anymore, just want my original stack before i put half into eth.

>>20258845
they can, but it's just hard to see if this is a sunk cost at this point. The growth might slow and if we lose the multiplier we might be worse off

[Anonymous No.20258886]

19.4% lads

[Anonymous No.20258896]

>>20258886
1/3rd of my AMPL wallet is comfy
the other 2/3rds in the pool is about to get fucked

[Anonymous No.20258930]

>>20258884
did you watch the zoom call with the devs the other day? pretty sure that someone asked a question about impermanent loss - just need to bring it up again in their next AMA

[Anonymous No.20259035]

if you went all in geyser = biz tard
why?

all in all out of anything is fucking stupid. do better.

imho it is good time to enter geyser in the coming days. will see.
but yeh. last 2 weeks been shit. feel ya.

[Anonymous No.20259097]

>>20259035
63/37 on geyser/hold. wasn't expecting it to pump this hard
oh well, what can you do?
also hi gus

[Anonymous No.20259104]

imagine not holding at least 0,01% of all ample in your WALLET

[Anonymous No.20259108]

>>20258896
geyser is about to get wrecked at this rebase.

>>20258930
i feel like projects tend to ignore this stuff and just put it behind them though.

>>20259035
I didn't go all in. Just sucks that I should have just hodled.

[Anonymous No.20259134]

>>20259104
Same. Imagine holding 0.1% of the tether replacement kek

[Anonymous No.20259201]

>>20259108
>geyser is about to get wrecked at this rebase.
what would happen if there was a rug pull by the LPs in the pool over the next 48 hours?

[Anonymous No.20259282]

So those in the geyser y’all going to pull out and just buy more AMPL?

[Anonymous No.20259304]

15 minutes for best buying opportunity

[Anonymous No.20259389]

>>20259282
I’ll wait to hear if the devs are going to fix the reward system. It sounds like they honestly wanted to reward lps more. This just mooned out of nowhere

[Anonymous No.20259407]

>>20259282
like >>20259389 just going to hold out for some news from the team. Don't want to make any rash moves

[Anonymous No.20259686]

My supply is getting diluted every day in the geyser :(

[Anonymous No.20259746]

>>20259104
just a 19,4% rebase nothing to see here
>just a 19,4% rebase nothing to see here
just a 19,4% rebase nothing to see here
>just a 19,4% rebase nothing to see here
just a 19,4% rebase nothing to see here
>just a 19,4% rebase nothing to see here

[Anonymous No.20259877]

>>20259686
Yup

[Anonymous No.20259913]

>everyone euphoric in over 15x profits

w-w-what happens when people sell

[Anonymous No.20259972]

>>20259913
>ID: PLEb
kek

[Anonymous No.20260021]

>That rebase
Ohshit I think i'm gonna cum

>>20259972
Kek

[Anonymous No.20260433]

>>20259972
>>
lol

[Anonymous No.20260985]

This sucks